Cardano founder Charles Hoskinson has voiced strong optimism about the future of cryptocurrencies, forecasting that Bitcoin could more than double in value by next year.
Hoskinson shared a bold outlook during a Bloomberg interview. He highlights key drivers of the next growth wave, including institutional adoption and regulatory clarity.
1 Billion Users to Adopt Crypto
For regulatory clarity, Hoskinson mentioned the GENIUS Act and CLARITY Act as pivotal catalysts for the upcoming growth. He noted that these initiatives could foster an environment conducive to mainstream adoption among both retail and institutional investors.
He said the GENIUS Act, signed into law in July, has already marked a major step forward by enabling greater participation from traditional financial institutions. Looking ahead, Hoskinson expects the CLARITY Act, currently under review in the Senate, to accelerate adoption further.
He emphasized that with growing institutional involvement and impending regulatory clarity, as many as 500 million to 1 billion new users could enter the crypto space, alongside integration from the “Magnificent Seven” tech giants.
Bitcoin to Reach $250K by Mid-2026
Meanwhile, the Cardano founder remained bullish on the trajectory of cryptocurrencies. He pointed to sustained demand from investors, noting that the upcoming CLARITY Act will also attract more institutional players.
While acknowledging a slowdown in venture capital activity, Hoskinson expressed confidence that investment would regain momentum toward the end of Q4 2025 and into the early part of next quarter.
Against this backdrop, he projected that Bitcoin could climb to $250,000 by mid-2026, marking a surge of 107.77% from its current price of $120,324.
He had previously set this price target earlier in the year, projecting that Bitcoin could reach the $250,000 mark by late 2025 or 2026. Now, he has reiterated the forecast, once again emphasizing his firm conviction in the prediction.
Crypto Is 3-5 Years Away From Becoming the Backbone of the Financial System
Interestingly, Hoskinson likened crypto to financial stem cells that can function like securities, commodities, currencies, or even intellectual properties.
He expressed confidence that crypto would eventually become the backbone of the global financial system within the next three to five years, specifically by 2028 -2030.
However, Hoskinson believes selective disclosure and rational privacy are the key missing elements in achieving that goal. Once solved, he suggested that the crypto ecosystem could essentially become a “superset” of traditional broker-dealers and custodians, offering all the services of legacy systems.
'Crypto is 3-5 years away from taking over the world.'
Cardano founder explains: pic.twitter.com/qQRGopP5bc
— Altcoin Daily (@AltcoinDaily) October 2, 2025
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